Twin Disc (NASDAQ:TWIN) CFO Jeffrey Scott Knutson Sells 4,302 Shares of Stock

Twin Disc, Incorporated (NASDAQ:TWIN) CFO Jeffrey Scott Knutson sold 4,302 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $23.00, for a total value of $98,946.00. Following the completion of the transaction, the chief financial officer directly owned 178,275 shares in the company, valued at approximately $4,100,325. This represents a 2.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Twin Disc Trading Up 4.6%

Shares of Twin Disc stock opened at $23.85 on Friday. Twin Disc, Incorporated has a 1 year low of $12.79 and a 1 year high of $25.50. The firm has a market cap of $343.92 million, a PE ratio of 10.02 and a beta of 0.67. The stock has a fifty day moving average price of $23.20 and a 200-day moving average price of $19.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 0.81.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings results on Thursday, August 20th. The industrial products company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.41. The company had revenue of $114.40 million for the quarter, compared to the consensus estimate of $100.35 million. Twin Disc had a net margin of 9.06% and a return on equity of 7.19%.

Twin Disc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were paid a $0.05 dividend. The ex-dividend date was Tuesday, August 18th. This is a positive change from Twin Disc’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. Twin Disc’s dividend payout ratio is presently 8.40%.

Hedge Funds Weigh In On Twin Disc

Several large investors have recently modified their holdings of the business. Legal & General Group Plc bought a new stake in shares of Twin Disc in the second quarter valued at approximately $26,000. Global Retirement Partners LLC bought a new position in Twin Disc in the 2nd quarter worth approximately $54,000. California State Teachers Retirement System purchased a new position in Twin Disc in the 2nd quarter valued at approximately $86,000. JPMorgan Chase & Co. grew its stake in Twin Disc by 28.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock valued at $75,000 after buying an additional 1,193 shares in the last quarter. Finally, Strs Ohio purchased a new position in Twin Disc in the 1st quarter valued at approximately $74,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TWIN shares. Lake Street Capital assumed coverage on shares of Twin Disc in a research note on Thursday, July 9th. They set a “buy” rating and a $30.00 price target for the company. Wall Street Zen lowered Twin Disc from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 6th. Finally, Weiss Ratings raised Twin Disc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.00.

About Twin Disc

Twin Disc, Inc (NASDAQ: TWIN) is a global designer and manufacturer of power transmission equipment for marine and industrial applications. Headquartered in Racine, Wisconsin, the company develops a range of mechanical and digital solutions that control power delivery in demanding environments. Its portfolio includes marine gears, power take-offs, clutches, brakes, transmissions and controllable pitch propeller systems engineered to withstand heavy loads and corrosive conditions.

In addition to original equipment manufacturing, Twin Disc offers aftermarket parts and services, including maintenance, repair and overhaul support through a network of service centers worldwide.